Del Taco Restaurants Inc (TACO) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.12. The company posted revenue of $100.03 million in the period, compared to analysts expectations of $100.06 million. The company’s revenue was up 2.5% compared to the same quarter last year.
Many Wall Street Analysts have commented on Del Taco Restaurants Inc. Shares were Reiterated by Wedbush on May 3, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $16 .
Del Taco Restaurants Inc opened for trading at $9.66 and hit $9.89 on the upside on Monday, eventually ending the session at $9.77, with a gain of 1.45% or 0.14 points. The heightened volatility saw the trading volume jump to 4,58,500 shares. Company has a market cap of $373 M.
In a different news, on Mar 23, 2016, David Pear (SVP of Operations) sold 10,000 shares at $10.67 per share price. According to the SEC, on Nov 30, 2015, Patrick Walsh (director) purchased 60,000 shares at $11.31 per share price. On Nov 30, 2015, Lawrence F Levy (director) purchased 100,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Del Taco Restaurants Inc. formerly Levy Acquisition Corporation is a food service company. The Company operates quick service restaurant (QSR) chain under Del Taco in the United States. The Company offers Mexican- cuisine and American classics menu. Its menu includes various categories such as tacos burritos Fresca bowls American grill quesadillas and nachos desserts and shakes sides and salads combos and fiesta pack kid’s meals drinks breakfast and Buck & Under. In addition its menu includes Double Beef Classic Taco Del Combo Burrito Del Beef Burrito MACHO Combo Burrito Double Del Cheeseburger Bacon Double Del Cheeseburger Deluxe Chili Cheddar Fries MACHO Nachos Caramel Cheesecake Bites Chocolate Chip Cookies CrunchTada Tostada and Turkey CrunchTada Tostada among others. The Company and its franchisees operate approximately 550 restaurants in 16 states.